Close on the
heels of the financial crisis of 2007-08,
John Maynard
Keynes has been rediscovered and reinvented;
I feel vindicated,
amply rewarded and greatly honoured for
My
admiration for Keynes for long even while the
Mainstream
economics, market economics led by
Rational
expectation fame Robert Lucas and others
Discredited
Keynes and Keynesian economics and
Calling them
as interesting fairy tales and treating them
As a matter
of no consequence or significance on
Both theoretical
side and practical plane.
Like an
ordinary devotee elevated to an exalted status
And an
affectionate mother taken care of by his son,
I feel
vindicated by my infatuation with Keynes.
My
illiteracy of econometrics and my critical inability
To get
attracted by the mathematization of the subject
Have all
proved to be a blessing in disguise.
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